 Welcome to the last set news to get top stories in crypto and bring them out of bite-sized pieces today Just the thumbnail suggests there's some pretty huge news and I'll ask you relate to Mastercard as they bring in Cryptocurrency to all of their merchants and their banks as far as their payment network. So we'll take a look what's going on there I'll take a look at a nice little story about Elon does it again and tries to sink a certain cryptocurrency But it bounces right back then we'll talk about Janet Yellen the head of the CFTC She talks about unrealized tax gains, which is a catastrophe if this goes through and then we'll just do a quick updates on The 100% free website Dan teaches crypto.com. But first let's take a look at what's going on the market today It is Monday. We made it through the weekend and we're here on a Monday Maybe it might be actually a non-dump day We'll see because sometimes it goes into Tuesday, but so far we're looking pretty good market caps up 2.6 2.7 trillion Depending on where you look at the Bitcoin price itself was around 63,000 so not too bad It's like every time we hit 60,000 this weekend. I just got gobbled right back up by the bulls So looking pretty good and then bitcoins up the theorems up is ending down I think that's a big question doge is down by half percent No big no big thing there 10% up for chain link as they had a nice little announcement with the Associated Press teaming up with them 7.7 blah blah blah Shiba Inu up 17%. Wow and 8% in the last hour or so So yeah, it looks like it's pretty good day so far for all crypto holders I think everybody or most everybody in this whole Bitcoin is in profit So we'll take just real quick just to take a look at some on-chain analysis a little TA Looks like we've got this nice little pattern forming as everything is going up We're not we're not in the overbought territory yet as far as the RSI goes But you can see that if we take a look at the Bollinger bands everything is within that range and again over the weekend as things Dipped to around the 60,000 just got eaten back up eaten up 60,000 eaten eaten and then we're looking pretty good As far as the MACD conversions conversions divergence everything's looking okay So right now, but I think we could trade like this for you know 64 65 for a while But still looking pretty positive on top of that we'll take a look at what's going on as far as long and short This is why BYBT and it's amazing to me I was I was putting this video together and it takes me hours to do it But as I was looking at the the 15 minute mark I saw a bunch of longs come through like 5 and 15 30 minute mark and now over the last If we just scale out 12 hours and 4 hours nearly that it's pretty even and I think what was going on Well partially what was going on was that with the NFTs? I mean NFTs the ETFs so many acronyms With the ETF as far as like pro shares which did really hot the first day And then just took a slide then was trading sideways and then dumped again I'm not dumped but pulled back whatever you want to call it's actually a dump because it went below its original price And then just traded sideways then this morning as we got up and everything starts getting going on October 25th Nice little nice little pump and then here we are right here. So everybody's pretty ecstatic, but it's still at 40.8 to it's roughly where it started out on October 20th Even if we peeled back and then also the second Bitcoin futures ETF, which is a btf from Valkyrie That ones did not do well in its initial debut and just kind of slid down Traded sideways then this morning again goes right up and we're also waiting for the for the van neck Bitcoin features ETF to get going haven't heard it should happen this week But I haven't seen what's going on. So we we take a look the ETFs I think that could play in a part of why you know people like hey, you know what? I feel pretty good about what's going on then also of course Pi cycle top indicator Just so everybody knows this was I was correct. I was corrected on this This was actually created after the fact and it's been right once as people tell me so We can see here that it just predicts when the the lattice the latest top-out time. So April 13th I predict the top didn't really predict we went back but at the top here 2017 Nailed the top here and what this is is the 111 day moving average crossing over the 350 Day moving average times two and then the last one that we had and it predicted it accurately Was April when we topped out around 63,000 or so, but you see this this nice little dip here That's the 111 day moving average like a big belly kind of comes down and then it starts to go up We've got a long way to run Before we start to hit the top because look we're at right now Barely going up. So I see some big things and I I'm hopeful for the future But again, I've always said it I've said it before I'll say it again September was a bad month Let's just it was October was the turnaround and I'm waiting for November December to just be fireworks anyhow Let me think about the comment section. Let's get to today's top story also before we do that You may have noticed that in the top left hand corner Got a new little piece right here from unstoppable domains Just so you know if you want to they are getting going with their dot wallet So you can buy every types of thing that you want to as far as for unstoppable domains for the NFTs For to actually have like your name or for a website as far as like web 3 goes So instead of having this is why I got it I I use unstoppable domains for two reasons first of all I was around for the dot-com bubble And I knew that a lot of people just bought a bunch of dot-com Addresses and just held on to it So I thought I'll just buy a bunch of those types of things when web 3 gets around I use unstoppable domains for that The second reason is because I hate sending people this long hash of my Bitcoin address Or my Ethereum address or whatever else with unstoppable domains You can take that big long address and just turn it down to like mine is like Dan teaches crypto And they just send pretty much whatever cryptocurrency you want to that address and it just goes there super simple super easy now they've got the dot wallet and Yeah, you can sign up for that and see if you get like something pretty pretty easy like I don't know Peggy Dot Peggy dot wallet or Joe dot wall or something like that. And he has a link in the description. You can check that out Now let's get on to our first piece mastercard. So This is pretty big and I think it's big because every little bit helps and I think this is even a not even a little bit I think it's a big thing. So what's going on here? Mastercard says that any bank or merchant on its vast network can offer crypto services and Just to break it down into two paragraphs. This is what it this is pretty much what it is thousands of banks and Millions of merchants on its payment network can soon integrate crypto into their product. Let me say it again thousands of banks thousands of banks and millions of merchants on the mastercard network can integrate crypto into their products. I think I Mean It's just amazing how far things have come I remember in 2017 we were nowhere near this and now here we are we've got mastercard running their running their fit Running their show. We've got visa doing the same type of thing with crypto currencies. We've got banks We've got JP Morgan getting into the game. We've got fidelity. Well, we had fidelity before we've just got all these different I mean heck we've even got a couple of countries Using it for their legal tender. I mean it just doesn't get much better than this and it couldn't come at a better time Also on top of that just so you know This includes Bitcoin wallets credit and debit cards that earn rewards in crypto and enable digital assets to be spent and loyalty Programs where airline or hotel points can be converted into Bitcoin So just so you know visa and mastercard here and throughout the world They are essentially the big players and this is from Statista comm Forecast of leading payment cards United States in 2023 right now in 20. Well 2021 is not over so 2020 as far as the Payment volume you're looking at around 800 to a trillion for mastercard around 2 trillion for visa And this is what they project in just a couple of short years 2.2 trillion for mastercard and 5 trillion for visa So if they're doing all these transactions, of course, they're making a pretty good amount of money Just from this when they start to offer this up to all their banks that work with mastercard and visa and all of the merchants that work With mastercard and visa how far do you think this could go again? This is a step in the right direction and every little piece that we can get Into people's consciousness of crypto. I think so much the better and then lastly this article talks about they partnered up with backed and backed if you don't know there are the It was started up the international the international content looks change or ice Which is the sister corporation in New York Stock Exchange backed is one of their offsprings I guess you can call it and it's like a super wallet I downloaded it myself, but I couldn't even get past the security questions So I couldn't even use it, but I know it looks cool Let's see if it works out, but you got crypto trading you got rewards which I think is pretty cool You can have like your hotel and chase and and mileage and stuff like that just right there And then you can get crypto back like Bitcoin back You can send payments crypto and cash on the same thing gift cards and stuff and whatever else and you can download right now And play around with it. I use it for like I said a second I couldn't get past the challenge question. So I'm like either I'm Really not that good at these challenges to get past it or just didn't work too hot Anyhow, that's what we have in that little piece. Let me know what you think in the comment section Let's move on to our second one where Elon Musk does it again, but it really didn't matter And this is the most interesting part. I thought so This is a tweet from sheeba, you know whole hodler He says hey Elon Musk, how much she but are you holding? He just says none and of course as soon as he said none It dropped by like I want to say eight or ten percent just like that Just because of Elon Musk's tweet was not amazing However, it really didn't matter because as we took a look at the price action. Sheeba, you know, let me see here Is up by five percent an hour Seven let me put this in here 17 percent in the last 24 and seven days. That's up 45 doesn't matter So like I said in the last hour, it's still up five percent and 24 at 17 percent So it's an amazing thing that Elon Musk Tweets out something and he still has a little bit of pull. But again, like I said the sheeba, you know Community is strong enough to pull them all back. However, this is probably the last time I talk about sheeba We talked about it yesterday and I know people were like well Some people hate it and some people love it and I I don't really care. I mean, it's it's just an investment There's no there should be no motion attached to it. It's just it's a nothing. It's just something you do So the only thing I did was I just did a quick search on etherscan and I just put out like, hey, there's this Uh, I don't like the top 100 tokens or 100 uh wallets. It's like 82 percent of the entire uh supply and then You can go to etherscan right now and just find the token sheeba, you know And then underneath here if you wanted to do this yourself. See where it says, where am I? Uh holders right here when you click on that It shows you All the top holders and who has what now this one right here this black hole I guess this is where they they go to burn. They burned a ton of different uh a ton of I guess it's a burn. That's what people have told me. That's what I've read Uh that it goes there and just never escapes. It's like just goes away So like 41 of the one quadrillion yet. That's right. It's a quadrillion It's just gone But then if you take a look see this little button right here It says token holders chart in the upper left hand corner if you click on that It'll give you a breakdown of all the different wallets and you can see here the top 100 holders Collectively own 81 but what's even crazier is if you go to like the top 25 and click on that Um the top 25 holders own 78 percent And of course if you take away this wallet, which is like 40 you still got a big boat load I mean, that's a lot of shiba to hold for just this amount and for me Like I know people will say but rob you don't understand. It has a dex. That's great. It's got a dex Uh, but it's still based on a theorems in the rc20 token and that means that the gas prices are high But rob you don't understand because they're gonna have their own main net. They're gonna move over to uh an l2 Token just like polygon and the fees are gonna be low. That's great But you gotta You gotta compete with all the difference. Uh, player two solutions and then you have to you know build like that for me This isn't my play. This may be your play and this is the only the last time I talk about it So good luck to all these shiba holders. That's all I got. All right, so Finishing up two more things and this one will go pretty quickly Oh man, janet yellen She's the uh head of the cftc and this is what she said I'm not even gonna play it basically. I'm gonna let you watch it. I'm gonna link this in there But all she said is this we're looking at doing taxes for the unrealized tax gains What does that mean if you buy a stock or a security or a crypto at $100 and it goes up to 150 You may 50 bucks even if you don't sell it at the end of the year They're saying it's an unrealized tax gain and they will still tax you on it Uh, I know this this sounds like a joke, but it's not a joke and they're like, that's what we're gonna do So you're gonna it's gonna it's just stupid. It's uh, it's going to um Really force people to stop being investors and really just hold on to cash Where it just gets eroded away by inflation. So janet on this video to be fair She just she just talks about well This is for the high net worth individuals the billionaires and she goes It's not a wealth tax, but we're taxing the wealthy and like what okay, and uh, of course, she also talks about how If you're a billionaire you pass away you leave it off to your to your heirs Right now the way that it works is that when the heirs get it when the family gets whatever assets that you Passed on to them. It's at that value Like let's say they have a a million dollar house and it passes over and you bought that house for $100,000 It went to a million you would have been taxed on 900,000, but if you pass on to your heirs Uh, after you pass away Then it's just valued at a million and then they get taxed of if it goes up or down So she's saying even at that point, which is like a death tax just like this is what we're gonna do Again, I think this is a lot of posturing and you're gonna hear a lot about this moving forward I just don't see how they could possibly bring this forward even to the super wealthy because here's Here's a newsflash The super wealthy don't play with the same rules that you and I do So all they're gonna do is they're gonna put it into a trust and say, I don't own that Are they gonna put it into a c-corp or an s-corp an offshore account? I don't know that that's part of that's part of the company and it's gonna trickle down to Just the straight-up individual investors who made a lot of money and be like now pay us No, we can't pay you the problem is that you spend too much and you guys keep printing and that's the problem So, um, that's just a little quick little rants about what's going on. Let me just think about that in the comments That'll be caliente. I'm sure when you talk about it. But uh, yeah, we'll see how it all goes and lastly Uh, Dan teaches crypto So the 100 free website's doing great We've got a lot of signups lately and because we've had we've had over 20,000 plus signups Because I mean it's free. It's good information. Uh, the thing is though, uh, it's slow and it's bog getting bog down by By everybody. So what I've decided to do is to migrate from one server individual Into a pretty powerful more powerful server So it can actually run quickly because time is money and if you want to learn fast That's just how it has to be. So that'll be happening over the next Three to five days. So if you see some intermittent outages, don't be alarmed. It's just we're crossing over So we can give this information free and fast And that's it. So look, uh, if you, uh, made it with me all the way the end First thanks, I appreciate it. If you like that video, go ahead and give it a thumbs up That helps tremendously consider subscribing because a lot of things are going to come super fast In the next couple months, but that's it for today. So thanks so much. I appreciate it. See you in the next one